™Your Policy Risk Impact Agent
41 chapters · 1,363 sections in this title.
S.C. Code Ann. § 12-65-10 Title of Act; purpose
1.8K chars
This chapter is known and may be cited as the "South Carolina Textiles Communities Revitalization Act". (A) The primary purpose of this chapter is to create an incentive for the rehabilitation, renovation, and redevelopment of abandoned textile mill sites located in South Carolin…
S.C. Code Ann. § 12-65-20 Definitions
5.1K chars
For the purposes of this chapter, unless the context requires otherwise: (1) "Abandoned" means that at least eighty percent of the textile mill has been closed continuously to business or otherwise nonoperational as a textile mill for a period of at least one year immediately pre…
S.C. Code Ann. § 12-65-30 Tax credit entitlement
7.9K chars
(A) Subject to the terms and conditions of this chapter, a taxpayer who rehabilitates a textile mill site is eligible for either: (1) a credit against real property taxes levied by local taxing entities; or (2) a credit against income taxes imposed pursuant to Chapter 6 and Chapt…
S.C. Code Ann. § 12-65-35 Area of site limitation
0.3K chars
With respect to a site acquired by a taxpayer after December 31, 2007, the area of the site is limited to the land located within the boundaries where the textile manufacturing facility structure is located and does not include land located outside the boundaries of the structure…
